SEC Chair Gary Gensler Is Wrong About Proof-of-Stake Tokens Like ETH

“The investing public is investing anticipating a return, anticipating something on these tokens, whether they’re proof-of-stake (PoS) tokens, where they’re also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns. Whatever they’re promoting and putting into a protocol, and locking up their tokens in a protocol, a protocol that’s often a small group of entrepreneurs and developers are developing, I would just suggest that each of these token operators … seek to come into compliance, and the same with the intermediaries.”